{"id":2470,"date":"2012-03-30T13:09:36","date_gmt":"2012-03-30T13:09:36","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=2470"},"modified":"2012-03-30T13:09:36","modified_gmt":"2012-03-30T13:09:36","slug":"housing-is-awakening-from-hibernation","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/housing-is-awakening-from-hibernation\/","title":{"rendered":"Housing Is \u2018Awakening From Hibernation"},"content":{"rendered":"

Housing Is \u2018Awakening From Hibernation,\u2019 Freddie Says<\/h2>\n
\"Housing<\/a>

Housing Is \u2018Awakening From Hibernation,\u2019 Freddie Says<\/p><\/div>\n

 <\/p>\n

An improving economy is contributing to a gradual rebound in home prices across the country, according to mortgage giant Freddie Mac\u2019s 2012 Economic Outlook report, released Wednesday. But there is still a way to go in the road to recovery for the housing market, the report noted.<\/p>\n

\u201cThe housing market is showing some signs of shaking off the depression-like conditions that have plagued it for much of the past few years,\u201d according to the report. \u201cAs if awakening from hibernation, housing starts and home sales moved to higher levels of activity.\u201d<\/p>\n

In fact, the signs have prompted Freddie Mac to revise its forecast upwards for home sales and origination’s. One economic contributor that\u2019s helping to stabilize housing: The drop in the unemployment rate to 8.3 percent, its lowest level in three years, according to the report.<\/p>\n

\u201cA variety of encouraging indicators suggest that the housing market may be feeling a nascent recovery … and more neighborhoods may see a stabilization in overall demand and housing values this spring,\u201d says Frank Nothaft, Freddie Mac\u2019s chief economist.<\/p>\n

Median home sale prices are up, despite a slight drop in new and existing home sales, Freddie Mac reports. About a half of the increase in housing starts has been for construction of rental apartments in multi-unit buildings to meet the increasing demand, the report notes. New rental construction, at its current pace, is expected to reach its highest level since 2005.<\/p>\n

\u201cHousing starts continue to run below net household formations [and will allow for absorption of existing vacant homes],\u201d according to the report.<\/p>\n

Source: \u201cFreddie Mac: Economic Growth Expected to Stabilize Housing Market,\u201d Dow Jones <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Housing Is \u2018Awakening From Hibernation,\u2019 Freddie Says   An improving economy is contributing to a gradual rebound in home prices across the country, according to mortgage giant Freddie Mac\u2019s 2012 Economic Outlook report, released Wednesday. But there is still a way to go in the road to recovery for the housing market, the report noted. … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,4,9],"class_list":["post-2470","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nHousing Is \u2018Awakening From Hibernation - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Housing Is \u2018Awakening From Hibernation'. 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